EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) Short Interest Down 30.3% in March

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 22,500 shares, a drop of 30.3% from the February 28th total of 32,300 shares. Based on an average daily volume of 88,900 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Barclays lowered shares of EDP – Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th.

EDP – Energias de Portugal Stock Performance

OTCMKTS:EDPFY traded down $0.66 during midday trading on Monday, reaching $33.90. The stock had a trading volume of 29,160 shares, compared to its average volume of 115,383. The firm’s fifty day simple moving average is $32.21 and its 200-day simple moving average is $35.80. EDP – Energias de Portugal has a 1-year low of $29.88 and a 1-year high of $46.22.

About EDP – Energias de Portugal

EDP – Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.